Plus: The US Chamber of Commerce challenges the FTC ruling on banning non-competes, Covenant Logistics' profits plummet, and Tesla postpones Semi production until late 2025.
White House Launches New Freight Office, Talks Supply Chain Progress
President Biden attributes strengthened supply chains and reduced backlogs to his economic plan. Yet, industry insiders counter that the alleviation of bottlenecks results from a dire freight recession, not policy success.
The Biden-Harris administration has unveiled the Office of Multimodal Freight Infrastructure and Policy, aiming to forge robust supply chains through the FLOW program, which promises improved shipment anticipation and cost reductions.
This development marks a strategic move to refine national logistics, integrating major ports and retailers into a unified system of data sharing, enhancing transparency and decision-making.
Amidst a freight recession, President Biden says his economic plan boasts the strongest supply chains on record, contrasting with industry leaders like Craig Fuller, who highlight the downturn as contributing to eased bottlenecks and lower shipping rates.
FreightCaviar conducted our on poll over on X to see what our community had to say about the statement.
Nevertheless, the administration continues to take proactive steps to boost the logistics sector.
Government's New Freight Office
Introducing the Office of Multimodal Freight Infrastructure and Policy, the latest initiative under the Biden-Harris administration, targets strengthening America’s supply chains.
This office is a central element of the comprehensive Freight Logistics Optimization Works (FLOW) program, which aims to streamline the flow of goods and reduce consumer costs by enhancing supply chain transparency and cooperation among key stakeholders.
FLOW Milestones: Leveraging the partnership of major U.S. ports and retailers, FLOW facilitates a collaborative approach to preempt supply chain disruptions.
Investment in Infrastructure: A record $17 billion from the Bipartisan Infrastructure Law is allocated for port and waterway improvements.
The administration's actions, including the creation of the Council on Supply Chain Resilience and new cross-governmental supply chain data-sharing capabilities, reflect a commitment to a more resilient and efficient supply chain framework.
You can refer to the White House’s detailed briefing herefor an in-depth exploration of the administration's plans and actions.
Biden said Monday Thanksgiving dinner in 2023 was the "fourth-cheapest ever on record," taking credit for easing supply-chain pressures and lowering inflation ahead of the holiday shopping season https://t.co/b4Rhcmntrnpic.twitter.com/xzTKgtwvU2
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
